New Space Alliance Created

By | April 11, 2007 | ST Briefs, Telecom

Alcatel-Lucent completed the transfer of Alcatel’s shares in Alcatel Alenia Space and Telespazio to Thales, and Thales and Finmeccanica have combined their space operations under an entity dubbed the New Space Alliance, the companies announced April 10.
The moves follow the European Commission’s April 4 approval of Thales’s acquisition of Alcatel’s 67 percent share of Alcatel Alenia Space and its 33 percent Telespazio. Telespazio’s main shareholder is Finmeccanica. Alcatel Alenia Space will be renamed Thales Alenia Space.”
Pascale Sourisse will remain president and CEO of the Thales Alenia Space joint venture company and join the executive committee of Thales. Giuseppe Veredice remains president and CEO of Telespazio.
“The association of our companies in the space business will further enhance our leadership in satellite-based technologies and services,” Pier Francesco Guarguaglini, Chairman & CEO of Finmeccanica and Denis Ranque, Chairman & CEO of Thales, said in a statement.

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